Raymond James Launches Independent Custody Business To Support Canadian Wealth Management Firms

    TORONTO, June 26 /CNW/ - Raymond James Ltd., one of the nation's leading
full service independent investment dealers, today announced the launch of a
dedicated business focused on providing custody and business solutions for
Canadian wealth management firms. Called Raymond James Streamline, it will
serve as the primary custodian for a wide range of investment
counsel/portfolio management firms, as well as independent IDA registrant
    "We take a fully integrated approach to assessing, facilitating and
delivering the key business support functions that Canadian wealth management
firms require to deliver quality services to their clients," says Daniella
Dimitrov, Senior Vice President(*), Strategic Initiatives of Raymond James Ltd.
"We believe that Canadian wealth management firms will benefit in countless
ways from having access to a strong, independent alternative and one that has
the depth of knowledge and expertise, on both sides of the border, to provide
best-in-class solutions."
    A key focus for Raymond James Streamline is to integrate important
business support functions with its custody platform. To this end, Raymond
James Streamline has forged a strategic alliance with HighView Financial
Group. HighView is among the nation's leaders in providing advisory and
outsourced business services to Canadian wealth management firms. Together,
Raymond James Streamline and HighView Financial Group can provide end-to-end
solutions or stand alone services for clients including: custody, compliance,
governance, asset management, technology, strategy and capital.
    "HighView Financial Group shares our philosophy of providing fully
integrated and customized solutions for clients," says Dimitrov. "They have a
tremendous breadth of services and experience that perfectly complements our
custody and private client service platform."
    "We share a common belief with Raymond James that the Canadian wealth
management industry is entering an era of select deconsolidation and we are
thrilled to be able to partner with a firm of Raymond James' reputation and
experience," says Mark Barnicutt, President and CEO of HighView Financial

    (*) Subject to regulatory approval.

    About Raymond James Ltd.

    Raymond James Ltd. is the Canadian arm of Raymond James Financial, Inc.,
one of North America's leading full service investment dealers. Raymond James
was established in 1962 on the principle of always putting the needs of
clients first. Today, this principle remains the foundation on which we
continue to build our company. This is underscored by the fact that
1.6 million individuals and families across North America entrust us with more
than US$203 billion in client assets under administration. In Canada, Raymond
James Ltd. has more than 795 employees and agents in 65 offices across the
country. For more information, please visit www.raymondjames.ca.

    About HighView Financial Group

    HighView Financial Group is a professional services firm that provides
advisory and outsourced business services to Canadian wealth management firms.
Our mission is to facilitate independence in the Canadian Wealth Management
industry through the integration of strategy, support and capital for managed
asset firms and offerings. For more information about HFG, visit

For further information:

For further information: Raymond James Ltd., Daniella Dimitrov,
Strategic Initiatives, (416) 777-7191, Senior Vice President*,
daniella.dimitrov@raymondjames.ca; Peter Kahnert, Corporate Communications and
Marketing, (416) 777-7052, Senior Vice President,
peter.kahnert@raymondjames.ca; HighView Financial Group, Mark Barnicutt, (905)
827-8540, President and CEO, mbarnicutt@highviewfin.com; Gary Brent, (905)
363-7152, Chairman, gbrent@highviewfin.com

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